Indianapolis Real Estate Market Review

MIBOR released its 2013 Indianapolis housing data today and it shows a very strong month for July 2013 and for the 2nd quarter 2013.  New listings in the area show increase of 15.8 percent ending in July 2013 that is a prior year increase of 4.2 percent from same time in 2012.  Pending sales are also up to a staggering 18.5 percent from the prior year ending in July.  The median sales price in the Indianapolis Real Estate market has increased 7.3 percent to 144900 compared to the previous year.  The report shows that active listings have decreased 11.9 percent from the previous month which again shows that inventory levels are down and right now is a good time to list your home.